Crypto Can Complement Mobile Money in Africa, Kenyan Banker Says

Cryptocurrency can supplement mobile money in Africa if regulators can be convinced of its benefits, according to the chief executive of Kenya’s biggest lender by market value.

Many central banks on the continent have warned against trading cryptocurrency, while some have made it outright illegal. The Central African Republic is the only African nation to have adopted the digital assets and the South African Reserve Bank is formulating rules to protect investors.